The Estonian economy grew by 4.2% over the year in the third quarter and by 1% over the quarter. The growth was driven by exporting branches, while one-off factors also played a large role.
Global trade is being restrained by trade... more
The latest economic forecast from Eesti Pank expects the economy to grow by 3% this year, and by about 2% in the next two years. As demand for labour subsides in the cooling economy, wages are expected to rise more slowly from next year. The years of high inflation have also ended.
After the rapid growth in demand for labour in recent years, the economy is losing more and more momentum, and this is starting to restrain the growth in wages and consumption, said Deputy Governor of Eesti Pank Ülo Kaasik at the... more
Data from Statistics Estonia put yearly economic growth at 3.6% in the second quarter. A large part of the growth came from information and communication technology and from professional, scientific and technical activities. Without those... more
The Estonian economy will grow by 3.3% this year and 2.1% next. Growth in the economy will slow as export markets are weaker than before and there are still shortages of labour in Estonia. Wages will continue to rise despite the slower economic growth, but they will do so at a lower rate. Rising... more
Data from Statistics Estonia show that Estonian GDP was up 4.5% in the first quarter over the year, and by 0.5% over the quarter, adjusted seasonally and for the number of working days. Growth in the economy will slow in future and in this... more
Growth in the Estonian economy will slow in the coming years to 2%, but the economy will continue to perform better than the average, and so it would be a mistake to pamper it further by running a deficit in the general government budget. Any such deficit would heat further the already... more